Posted on 01/19/2021 6:36:10 PM PST by springwater13
Biden is proposing a $15,000 first-time homebuyer tax credit, which could be accessed immediately by the buyer, thereby serving as down payment assistance.
The FHA could also reduce its monthly insurance premiums under the new leadership.
(Excerpt) Read more at cnbc.com ...
Lovely.
Use our assets instead of passing out free money.
Actually it wasn’t GWB- it was clinton and the CRA. When Bush and even juan mccain had the courage to speak out about FannieMae failing, they were called racists- as usual.
Fredo’s brother was actually the one who caused the housing crisis: https://www.villagevoice.com/2008/08/05/andrew-cuomo-and-fannie-and-freddie/
A planned housing appreciation bubble on the way timed to POp around August or September of 2024 right before the election. Invest, buy and sell accordingly.
or Trump supporter’s houses for free
Funny that so much politics is just pleasing of money lenders.
“He’s going to cause another housing crash in a few years like Bush did encouraging the poor to purchase homes they can’t afford.”
WRONG!
Bush went to congress twice warning them!
I think there were more warnings than that. Seventeen comes to mind. Maybe only two to Congress.
Wasn’t CRA originally a Carter creation?
Mortgage meltdown part two. The banks do not loose. The taxpayer looses on these Federal backed loans.
Last time this happened we damn near went into a depression.
This is madness.
A tax credit in cold hard cash. Bold.
Joe can blow bubbles.....
That's because they get to charge interest for nothing, i.e. they literally make money on charging to use money that they create out of thin air.
It's legalized theft.
CNBC? Well, consider that everything coming from any media with ‘NBC’ attached to it are partisan, propagandist liars.
If the last four years have proven anything it’s that, and they’ve proven it beyond any shadow of a doubt.
Cant afford
Dont know how to maintain
Wont maintain
You can tell when people like this move in
House goes to shiite quickly and nothing gets repaired
“Open up the forests to logging instead...”
LOL, the only reason your going to have for going in a forest is if you qualify for the Hunger Games.
Slow Joe is doing the only thing Democrats can do: give away other people’s money. And, of course, as mentioned he’ll probably start the next housing crash.
Just wait. Effing it up is a given talent with leftists.
Everything.
Everything.
Gee, some more leaves appeared on the money tree!
I am a mortgage lender. We are in a super hot market for the last 12 months and this is beyond stupid. There is no need to prop up the housing industry when it is building houses as fast as it can.
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